M/I HOMES, INC. (NYSE:MHO) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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M/I HOMES, INC. (NYSE:MHO) Files An 8-K Entry into a Material Definitive Agreement

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On June 23, 2017, M/I Financial, LLC (M/I Financial), a
wholly-owned subsidiary of M/I Homes, Inc., entered into the
First Amendment (the “First Amendment”) to Second Amended and
Restated Mortgage Warehousing Agreement dated June 24, 2016 (the
“MIF Mortgage Warehousing Agreement”). The MIF Warehouse
Agreement is used to finance eligible mortgage loans originated
by M/I Financial.
The First Amendment, among other things, extends the maturity
date from June 23, 2017 to June 22, 2018, reduces the applicable
LIBOR margin from 2.50% to 2.375%, and allows the maximum amount
of borrowing availability to be increased from $125 million to
$150 million during the periods from September 25, 2017 to
October 16, 2017 and from December 15, 2017 to February 2, 2018.
The other material terms of the MIF Mortgage Warehousing
Agreement remain unchanged.
A copy of the First Amendment is filed as Exhibit 10.1 to this
Current Report on Form 8-K and incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
Exhibit No.
Description of Exhibit
10.1
First Amendment to Second Amended and Restated Mortgage
Warehousing Agreement, dated June 23, 2017, by and
among M/I Financial, LLC, as borrower, the lenders
party thereto and Comerica Bank, as administrative
agent.



M I HOMES INC Exhibit
EX-10.1 2 ex101miffirstamendmenttose.htm EXHIBIT 10.1 FIRST AMENDMENT TO SECOND AMENDED AND RESTATED MORTGAGE WAREHOUSING Exhibit Exhibit 10.1FIRST AMENDMENT TO SECOND AMENDED AND RESTATED MORTGAGE WAREHOUSING AGREEMENTThis First Amendment to Second Amended and Restated Mortgage Warehousing Agreement (“First Amendment”) is made as of June 23,…
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About M/I HOMES, INC. (NYSE:MHO)

M/I Homes, Inc. is a builder of single-family homes. The Company consists of two distinct operations: homebuilding and financial services. The Company’s homebuilding operations are aggregated for reporting purposes into three reporting segments: the Midwest, Mid-Atlantic and Southern regions. The Company’s financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations and is reported as its own segment. The Company conducts mortgage financing activities through its subsidiary, M/I Financial, LLC (M/I Financial), which originates mortgage loans primarily for purchasers of the Company’s homes. The Company and M/I Financial also operate majority-owned subsidiaries that provide title services to purchasers of the Company’s homes. The Company markets and sells homes primarily under the M/I Homes and Showcase Collection (exclusively by M/I Homes) brands.